Concept

Atlas is launching a mobile peer-to-peer application to give access to communities in the developing world access to savings and credit through a decentralised solution built on blockchain technology

The rise of mobile penetration in developing countries with mobile payments, bypassing traditional financial infrastructures has resulted in the rise of microfinance and mobile solutions for the general public

The app aims to create a network of people from local communities, which in turn will create and grow trust whilst boosting financial inclusion

In addition, access to capital through savings accounts and loans are offered through the Atlas platform

The blockchain shows proof of origin for the money and all transactions, ensuring users know exactly where their money is and the latest transactions on their account

Atlas also has a second project, Atlas Labs, which is a blockchain innovation hub, to conceive and construct infrastructure for new solutions

Consumer Benefits

Financial inclusion: for rural populations that are far from their nearest bank or the un or underbanked

Transparency: users can see all transactions which are immutable (cannot be altered or deleted)

Mobile: the solution is adapted to populations with high mobile penetration

How To Use

Currently, under development, interested users can contact Atlas for more information through their site to find out release dates